Sunday, May 31, 2009

Colorado Again Confirmed as Top Bioscience State by National Rankings & Venture Capital Funding Activity

Denver, CO -- "It's an exciting time to be a bioscience company in Colorado, and the state is continuing to garner the national attention it deserves for its top-notch bioscience industry," said John Collar, President and CEO of the Colorado BioScience Association (CBSA). "FierceBiotech highlighted Colorado as one of its top five biotech regions, and The Money Tree™ Report, recently released by Genome Technology, listed Colorado in its top 10 Venture Capital deals for both biotech and medical device and equipment.

Colorado's success at attracting venture capital was demonstrated earlier this month when Boulder-based Clovis Oncology, Inc. announced an impressive $145 million in start-up funding at its company launch. Clovis is focused on acquiring, developing and commercializing innovative anti-cancer agents in the U.S., Europe and additional international markets. The company is founded by former executives of Pharmion Corporation, which was acquired by Celgene Corporation in 2008 for $2.9 billion.

"We are so very pleased that the former Pharmion team has chosen to remain in the state and headquarter their new company here. With the experience behind them and the success of the business model from Pharmion, the bioscience industry and Colorado will be keeping a close, and proud, eye on this new start-up," Collar says.

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